ChartWatch ASX Scans: Fortescue, Rio Tinto, Alcoa Corp, Sims, Pro Medicus, Telix Pharmaceuticals, Technology One
Your daily dose of the most interesting uptrends and downtrends on the ASX with technical analysis from an expert.
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Mentioned
KEY POINTS
- Today’s most interesting uptrends: Aurizon (AZJ), EQ Resources (EQR), Elixir Energy (EXR), Fortescue (FMG), Mayfield (MYG), Rent.Com.AU (RNT), Sims (SGM), Smartgroup (SIQ), Turaco Gold (TCG), Tribeca Resources (TGF), Tungsten Mining (TGN), WIA Gold (WIA).
- Today’s most interesting downtrends: Audinate (AD8), Bank of QLD (BOQ), Breville (BRG), Car (CAR), Guzman Y Gomez (GYG), Nuix (NXL), Nextdc (NXT), Pro Medicus (PME), Qantas (QAN), REA (REA), Suncorp (SUN), Telix (TLX), Technology One (TNE), Zip (ZIP).
Welcome to my ChartWatch Daily ASX Scans series. Here, I present scan lists based on my trend following technical analysis methodology. My goal is to alert you to the best uptrends and downtrends on the ASX. You can also watch these videos 📺 in which I perform live analysis of ASX stocks as requested by viewers, including detailed explanations of how my methodology works.
How to use the Uptrends & Downtrends lists, and Feature Chart lists
Feel free to get your favourite AI to convert the tables below into lists you can upload to your favourite trading platform like TradingView. Then you'll be able to skip from chart to chart and quickly and easily see the best uptrends and downtrends on the ASX.
Some investors prefer to buy those stocks in strong uptrends, and avoid, sell, or short sell those stocks in strong downtrends – but how you use the lists is really up to you!
Note, many stocks in both lists have appeared there many times before. As long as they keep meeting my criteria – they'll keep appearing. But note, there won't be any notifications when they don't – so you'll have to do your own research on when a particular trend changes!
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Uptrends Scan List 📈
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Alcoa Corp. | AAI | $63.30 | +12.0% | -10.4% |
Aurizon Holdings | AZJ | $3.60 | +5.6% | +5.9% |
Bega Cheese | BGA | $6.01 | +12.1% | +13.8% |
Barton Gold Holdings | BGD | $1.295 | +10.7% | +398.1% |
Capral | CAA | $12.40 | +10.5% | +29.2% |
Downer EDI | DOW | $7.92 | +2.7% | +36.3% |
EDU Holdings | EDU | $0.825 | +39.8% | +750.5% |
EQ Resources | EQR | $0.065 | +62.5% | +38.3% |
Elixir Energy | EXR | $0.068 | +70.0% | +38.8% |
Fortescue | FMG | $21.86 | +3.8% | +16.9% |
Grange Resources | GRR | $0.270 | +1.9% | +5.9% |
Mayfield Group Holdings | MYG | $2.78 | +47.9% | +301.1% |
New Murchison Gold | NMG | $0.042 | +23.5% | +366.7% |
NRW Holdings | NWH | $5.50 | +14.1% | +39.6% |
Orica | ORI | $24.08 | +8.8% | +32.2% |
Rural Funds Group | RFF | $2.05 | +6.2% | +9.3% |
Rio Tinto | RIO | $135.03 | +1.6% | +15.3% |
Rent.Com.AU | RNT | $0.058 | +18.4% | +181.9% |
Sims | SGM | $17.29 | +8.6% | +31.5% |
Select Harvests | SHV | $4.78 | +25.1% | +22.6% |
Smartgroup Corp. | SIQ | $9.19 | +11.4% | +17.6% |
SRG Global | SRG | $2.89 | +2.8% | +120.6% |
Stellar Resources | SRZ | $0.028 | +3.7% | +75.0% |
Turaco Gold | TCG | $0.580 | +28.9% | +96.6% |
Tribeca Global Natural Resources | TGF | $2.10 | +4.0% | +40.0% |
Tungsten Mining | TGN | $0.275 | +186.5% | +439.2% |
VGI Partners Global Investments | VG1 | $2.05 | +4.6% | +9.0% |
WIA Gold | WIA | $0.390 | +11.4% | +200.0% |
Today's Uptrends Scan List
Feature Charts from today's Uptrends List 🔎
The stocks that I feel are showing the strongest excess demand from today's Uptrends List are: Aurizon Holdings (ASX: AZJ), Capral (ASX: CAA), EQ Resources (ASX: EQR), Elixir Energy (ASX: EXR), Fortescue (ASX: FMG), Mayfield Group Holdings (ASX: MYG), Rent.Com.AU (ASX: RNT), Sims (ASX: SGM), Smartgroup Corp. (ASX: SIQ), Turaco Gold (ASX: TCG), Tribeca Global Natural Resources (ASX: TGF), Tungsten Mining (ASX: TGN), WIA Gold (ASX: WIA).
Feature Uptrend Charts:
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Downtrends Scan List 📉
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Audinate Group | AD8 | $4.21 | -13.7% | -52.1% |
Austin Engineering | ANG | $0.205 | -22.6% | -62.4% |
Appen | APX | $0.685 | -8.1% | -70.2% |
Bannerman Energy | BMN | $2.92 | -18.4% | +7.4% |
Bank of Queensland | BOQ | $6.35 | -8.4% | -8.5% |
Beach Energy | BPT | $1.190 | -5.2% | -3.6% |
Breville Group | BRG | $29.41 | -0.6% | -12.5% |
Car Group | CAR | $33.25 | -6.1% | -20.8% |
Catapult Sports | CAT | $4.68 | -29.1% | +33.3% |
Digico Infrastructure Reit | DGT | $2.49 | -6.0% | 0% |
EML Payments | EML | $0.815 | -14.7% | -17.3% |
Guzman Y Gomez | GYG | $22.22 | -12.5% | -47.3% |
Kelly Partners Group Holdings | KPG | $8.49 | -10.7% | -4.7% |
Mayne Pharma Group | MYX | $3.41 | -45.0% | -23.9% |
Nuix | NXL | $1.810 | -23.3% | -72.4% |
Nextdc | NXT | $13.54 | -14.4% | -14.7% |
Orthocell | OCC | $1.020 | -14.3% | +65.9% |
Objective Corp. | OCL | $17.46 | -8.5% | -0.3% |
Pro Medicus | PME | $259.92 | -0.6% | +4.7% |
Pinnacle Investment Management | PNI | $16.85 | -11.8% | -28.0% |
Polynovo | PNV | $1.180 | -6.7% | -44.9% |
Qantas Airways | QAN | $9.74 | -6.0% | +13.1% |
REA Group | REA | $190.51 | -11.6% | -24.4% |
Washington H. Soul Pattinson | SOL | $37.02 | -2.8% | +5.8% |
Suncorp Group | SUN | $17.28 | -10.7% | -10.8% |
Telix Pharmaceuticals | TLX | $14.45 | -8.6% | -39.2% |
Technology One | TNE | $28.79 | -22.3% | -5.6% |
Temple & Webster Group | TPW | $14.14 | -40.4% | +19.8% |
Xero | XRO | $121.44 | -18.1% | -31.0% |
Zip Co. | ZIP | $2.95 | -25.1% | -12.7% |
Today's Downtrends Scan List
Feature Charts from today's Downtrends List 🔎
The stocks that I feel are showing the strongest excess supply from today's Downtrends List are: Audinate Group (ASX: AD8), Bank of Queensland (ASX: BOQ), Breville Group (ASX: BRG), Car Group (ASX: CAR), EML Payments (ASX: EML), Guzman Y Gomez (ASX: GYG), Kelly Partners Group Holdings (ASX: KPG), Mayne Pharma Group (ASX: MYX), Nuix (ASX: NXL), Nextdc (ASX: NXT), Pro Medicus (ASX: PME), Pinnacle Investment Management (ASX: PNI), Qantas Airways (ASX: QAN), REA Group (ASX: REA), Suncorp Group (ASX: SUN), Telix Pharmaceuticals (ASX: TLX), Technology One (ASX: TNE), Zip Co. (ASX: ZIP).
10 Randomly chosen Feature Downtrend Charts:
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Important considerations when using the ChartWatch Daily ASX Scans:
1. For more information on Carl's trend following information, check out his Technical analysis for beginners: ChartWatch Primer.
2. The future is unknown: Anything can happen to change the trends in the lists above. A stock in a perfect uptrend or downtrend may not remain that way by the next trading today. 2. These lists are not exhaustive, they are carefully curated by Carl. You will find that certain stocks might not appear in a particular list on consecutive days but might reappear when Carl feels it deserves to return to the list. 3. This is not a recommendation service, merely an aid to help you better understand the workings of Carl’s technical analysis model in a practical way. Carl will not alert you to stocks that have dropped off a list because their trend has changed – it's up to you to apply the criteria to determine why a particular stock might not still be included. 4. This is general, educational information only – so always do your own research!!!
